Magnolia Group LLC Takes $3.71 Million Position in British American Tobacco p.l.c. (NYSE:BTI)

Magnolia Group LLC purchased a new stake in shares of British American Tobacco p.l.c. (NYSE:BTI) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 102,000 shares of the company’s stock, valued at approximately $3,705,000. British American Tobacco accounts for 0.6% of Magnolia Group LLC’s holdings, making the stock its 10th largest position.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. First National Trust Co raised its holdings in shares of British American Tobacco by 46.0% during the third quarter. First National Trust Co now owns 33,989 shares of the company’s stock valued at $1,243,000 after acquiring an additional 10,703 shares in the last quarter. Prime Capital Investment Advisors LLC lifted its stake in shares of British American Tobacco by 7.0% in the third quarter. Prime Capital Investment Advisors LLC now owns 8,222 shares of the company’s stock worth $301,000 after buying an additional 538 shares in the last quarter. Oppenheimer Asset Management Inc. boosted its stake in British American Tobacco by 35.6% during the 3rd quarter. Oppenheimer Asset Management Inc. now owns 207,724 shares of the company’s stock valued at $7,599,000 after purchasing an additional 54,555 shares during the last quarter. D Orazio & Associates Inc. boosted its position in shares of British American Tobacco by 70.2% during the third quarter. D Orazio & Associates Inc. now owns 11,912 shares of the company’s stock valued at $436,000 after buying an additional 4,913 shares during the last quarter. Finally, Natixis Advisors LLC grew its stake in shares of British American Tobacco by 7.7% in the third quarter. Natixis Advisors LLC now owns 2,873,456 shares of the company’s stock worth $105,111,000 after acquiring an additional 206,117 shares during the period. 16.16% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on BTI. UBS Group raised British American Tobacco from a “neutral” rating to a “buy” rating in a report on Monday, January 27th. StockNews.com upgraded shares of British American Tobacco from a “hold” rating to a “buy” rating in a research report on Monday, February 17th.

British American Tobacco Trading Up 0.9 %

Shares of BTI stock opened at $41.37 on Thursday. The company has a current ratio of 0.76, a quick ratio of 0.58 and a debt-to-equity ratio of 0.65. The stock has a market capitalization of $85.78 billion, a price-to-earnings ratio of 8.49 and a beta of 0.50. British American Tobacco p.l.c. has a 12-month low of $28.25 and a 12-month high of $42.74. The stock’s 50-day moving average price is $38.72 and its 200-day moving average price is $37.38.

British American Tobacco Dividend Announcement

The firm also recently declared a dividend, which will be paid on Monday, May 12th. Investors of record on Friday, March 28th will be issued a $0.7491 dividend. The ex-dividend date is Friday, March 28th. British American Tobacco’s payout ratio is 60.57%.

British American Tobacco Company Profile

British American Tobacco p.l.c. engages in the provision of tobacco and nicotine products to consumers worldwide. It also offers vapour, heated, and modern oral nicotine products; combustible cigarettes; and traditional oral products, such as snus and moist snuff. The company offers its products under the Vuse, glo, Velo, Grizzly, Kodiak, Dunhill, Kent, Lucky Strike, Pall Mall, Rothmans, Camel, Natural American Spirit, Newport, Vogue, Viceroy, Kool, Peter Stuyvesant, Craven A, State Express 555 and Shuang Xi brands.